Comparison between Narmadesh Brass Industries IPO and Sihora Industries IPO.
Narmadesh Brass Industries IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sihora Industries IPO is a SME Fixed Price proposed to list at BSE SME.
| Narmadesh Brass Industries IPO | Sihora Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Aryaman Financial Services Ltd. | Sobhagya Capital Options Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | JSK Securities & Services Pvt.Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | ||
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Narmadesh Brass Industries IPO is up to ₹42.52 Cr whereas the issue size of the Sihora Industries IPO is up to ₹10.03 Cr. The final issue price of Narmadesh Brass Industries IPO is ₹515.00 per share and of Sihora Industries IPO is ₹66.00 per share.
| Narmadesh Brass Industries IPO | Sihora Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹515.00 per share | ₹66.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 240 shares | 2000 shares |
| Fresh Issue Size | 6,55,200 shares | 15,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹33.74 Cr | up to ₹10.03 Cr |
| OFS Issue Size | 1,70,400 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹8.78 Cr | up to ₹0.00 Cr |
| Issue Size Total | 8,25,600 shares | 15,20,000 shares |
| Issue Size Total (Amount) | up to ₹42.52 Cr | up to ₹10.03 Cr |
Narmadesh Brass Industries IPO opens on Jan 12, 2026, while Sihora Industries IPO opens on Oct 10, 2025. The closing date of Narmadesh Brass Industries IPO and Sihora Industries IPO is Jan 16, 2026, and Oct 14, 2025, respectively.
| Narmadesh Brass Industries IPO | Sihora Industries IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 12, 2026 | Oct 10, 2025 |
| Issue Close | Jan 16, 2026 | Oct 14, 2025 |
| Basis Of Allotment (Tentative) | Jan 19, 2026 | Oct 15, 2025 |
| Initiation of Refunds (Tentative) | Jan 20, 2026 | Oct 16, 2025 |
| Credit of Share (Tentative) | Jan 20, 2026 | Oct 16, 2025 |
| Listing date (Tentative) | Jan 21, 2026 | Oct 17, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Narmadesh Brass Industries IPO P/E ratio is 19.63, as compared to Sihora Industries IPO P/E ratio of 13.14.
| Narmadesh Brass Industries IPO | Sihora Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.92 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.84 | 69.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.63 | 13.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹159.69 Cr. | ₹35.16 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 49.99 | 35.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.29 | 31.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹26.23 | ₹5.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 49.99 | 35.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Narmadesh Brass Industries IPO Retail Individual Investors (RII) are offered 4,12,800 shares while in Sihora Industries IPO retail investors are offered 4,12,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Narmadesh Brass Industries IPO and 0 shares in Sihora Industries IPO.
| Narmadesh Brass Industries IPO | Sihora Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 45,600 shares | 80,000 shares |
| QIB | 0 shares | 0 shares |
| NII | 4,12,800 shares | 7,60,000 shares |
| RII | 4,12,800 shares | 7,60,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 8,25,600 shares | 15,20,000 shares |
Narmadesh Brass Industries IPO subscribed 1.18x in total, whereas Sihora Industries IPO subscribed 1.27x.
| Narmadesh Brass Industries IPO | Sihora Industries IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 1.92x | 1.18x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 0.44x | 1.37x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.18x | 1.27x |
